#25 The Dow Theory in Technical Analysis | in Hindi

The Dow theory Explained
Dow theory in technical analysis in hindi

Hey Guys I am Ashish Varwani



The Dow theory is a financial theory that says the market is in an upward trend if one of its averages (i.e. industrials or transportation) advances above a previous important high and is accompanied or followed by a similar advance in the other average. For example, if the Dow Jones Industrial Average (DJIA) climbs to an intermediate high, the Dow Jones Transportation Average (DJTA) is expected to follow suit within a reasonable period of time.
In this video I will cover
00:00 Introduction of The Dow Theory
01:30 Indices Discounts Everything
05:45 Primary Trend
06:23 Secondary Trend
07:10 Minor Trend
07:45 Indices Must Confirm Each Other
09:54 Volumes Must Confirm
11:48 Closing price is most important
13:43 Accumulation phase
16:18 Mark Up Phase
18:05 Distribution phase
19:20 Three Phases of Market








Books I recommend for specific categories of traders
Intraday Trading
For Basics
A Beginner's Guide To Day Trading
https://amzn.to/3hlG5KG
Start Day Trading Now: A Quick and Easy Introduction to Making Money While Managing Your Risk
https://amzn.to/3yugiWr
For in-depth Technical analysis
High Probability Trading: Take the Steps to Become a Successful Trader, Marcel Link
https://amzn.to/3dMApqT
Mastering the Trade, Second Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups
https://amzn.to/3AxUACR
The Disciplined Trader: Developing Winning Attitudes, Mark Douglas
https://amzn.to/3wgZYqE







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Thanks for watching keep sharing and comment for any doubts .
#technicalanalysis #stockmarket